Hi,
Discussion with Treasury Sec & Finance Minister KATO...
BESSET: Please don't sell our bonds anymore.
KATO: No will have to sell.. our Yen is weak
If we don't sell.. anyone else would..
BESSET: We will maintain interest rates as is.. what say you?
KATO: Okay... but you will inform us when you make changes
BESSET : ( *wink*)...
So that is the made up conversation. Do you think it's a possibility?
But biz is biz...
Japan would balance it's treasury.. It will sell as balancing act. That's my my 2c.
IF Yen is weak by another 5-10% (up on USDJPY).. Kato will not hesitate to unload again
Hehe.. This is just a story.
All the best
For now, I think Japan.. halting it's selling.. US30 up 10% (my prediction to 44000 for now)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.